Ch9 HW - Rosmic Calvo Acct 265 Ch. 9 HW 9-3 General Fund...

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Rosmic Calvo Acct 265 Ch. 9 HW 9-3 General Fund Special Revenu e Fund Total Adjustments to Government -wide Statem ent of Net Assets Assets Cash and cash equivalents $ 125,000 $ 12,000 $ 137,000 $ 137,000 Inventories 6,0 00 6,0 00 6 ,000 Receivables (net) - - Taxes receivable 95,0 00 95,0 00 95 ,000 Due from General Fund 7,50 0 7,5 00 (7,500) - Capital Assets 350,000 350 ,000 Total Assets $ 226,000 $ 19,500 $ 245,500 $ 342,500 $ 588,000 Liabilities Accounts Payable $ 85,000 $ 3,500 $ 88,500 $ 88,500 Due to Special Revenue Fund 7,5 00 7,5 00 (7,500) - Notes due in more than one year 250,000 250 ,000 Long-term compensated absences 86,000 86 ,000 Total Liabilities 92,5 00 3,50 0 96,0 00 328,500 $ 424,500 Fund Balances Reserve for inventories 6,0 00 6,0 00 (6,000) Reserved for other purposes 16,00 0 16,0 00 Unrestricted 127,5 00 127,5 00 Total fund balance 133,5 00 16,00 0 149,5 00 (6,000) Total Liabilities and Fund Balance: $ 226,000 $ 19,500 $ 245,500
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This note was uploaded on 01/20/2010 for the course ACCT 265 taught by Professor Foe during the Fall '09 term at Nashville State Community College.

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Ch9 HW - Rosmic Calvo Acct 265 Ch. 9 HW 9-3 General Fund...

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